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    Elza Dr Oak Ridge, TN 37830

    For Sale
    $350,000

    Prime B-2 Zoned Commercial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 1.61-acre commercial land parcel presents a remarkable investment opportunity in Oak Ridge, Tennessee. Located on Elza Drive, this property boasts a highly desirable B-2 zoning designation, opening doors to a wide array of commercial development possibilities. The expansive lot size provides ample space for various projects, while its convenient location offers excellent visibility and accessibility. The property benefits from readily available electric service, making it ideal for immediate development or future expansion. Situated in Anderson County, with a 37830 zip code, this location provides easy access to major transportation routes and a thriving local economy. The property's frontage on the Oak Ridge Turnpike ensures high traffic visibility, maximizing potential for business success. Please note that any existing cell tower on the property is explicitly excluded from this sale. This is a rare opportunity to acquire a strategically located commercial lot with significant development potential in a rapidly growing area. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price for this prime commercial land is $350,000.

    Property Features for 0 Elza Dr

    General Information

    Property type
    Land
    Lot Size
    70,132 SF

    HighLights

    • 1.61‑acre commercial lot in Oak Ridge, TN.
    • B‑2 zoning.
    • Oak Ridge Turnpike frontage.
    • Electric service available.
    • Cell tower excluded from sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oak Ridge
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.2028243
    Latitude
    36.0523875

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    FAQs

    What type of property is this?
    Land - Prime B-2 Zoned Commercial Lot
    Where is this land located?
    The property is located at Elza Dr Oak Ridge, TN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 1.61-acre commercial lot in Oak Ridge, TN.; B-2 zoning.; Oak Ridge Turnpike frontage.
    (865) 531-6400
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    Elza Dr Oak Ridge, TN 37830
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Elza Dr Oak Ridge, TN 37830
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